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An exploratory study of firm goals in the context of family firms: An institutional logics perspective

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  • Aparicio, Gloria
  • Basco, Rodrigo
  • Iturralde, Txomin
  • Maseda, Amaia

Abstract

It is assumed that cross-firm behavioral differences are caused by the different goals owners and managers leave imprinted on their organizations. However, researchers have failed to come to agreement regarding what firm goals are, what types of firm goals exist, and to what extent one type of goal is superior to others. Therefore, the aim of this study is to address these gaps using the Hybrid Delphi methodology in the particular context of family firms. Our results provide a list of family business goals, an aggregation of family business goals based on institutional logics, and evidence of the coexistence of multiple goals.

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  • Aparicio, Gloria & Basco, Rodrigo & Iturralde, Txomin & Maseda, Amaia, 2017. "An exploratory study of firm goals in the context of family firms: An institutional logics perspective," Journal of Family Business Strategy, Elsevier, vol. 8(3), pages 157-169.
    • Handle: RePEc:eee:fambus:v:8:y:2017:i:3:p:157-169
    DOI: 10.1016/j.jfbs.2017.08.002
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    Cited by:

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    9. Juan Diego Alzate-G mez & Di genes Lagos Cort s & Percy Marquina Fieldman, 2020. "Corporate Social Responsibility Practices and Economic Performance in Colombia: The Moderating Effect of Family Control," International Journal of Economics and Financial Issues, Econjournals, vol. 10(1), pages 6-18.
    10. Ralph I. Williams & Torsten M. Pieper & Franz W. Kellermanns & Joseph H. Astrachan, 2019. "Family business goal formation: a literature review and discussion of alternative algorithms," Management Review Quarterly, Springer, vol. 69(3), pages 329-349, September.
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    20. Ruqia Shaikh & Zhiqiang Li & Xiaoli Wang & Muhammad Rizwan Nazir, 2022. "Firm innovation and ultimate control mechanism: Case of emerging market," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(2), pages 440-456, March.
    21. Sven Wolff & Christina Guenther & Petra Moog & David B. Audretsch, 2023. "The geography of the continuum of entrepreneurship activities—a first glance based on German data," The Journal of Technology Transfer, Springer, vol. 48(4), pages 1243-1273, August.

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